Bitcoin Continues to Struggle For Meaningful Recovery — Market Talk
-
Bitcoin rises marginally but continues to struggle for a meaningful recovery after U.S. stocks closed mostly lower overnight. Nvidia shares fell Thursday despite strong earnings on Wednesday, dragging the Nasdaq composite more than 1% lower. The S&P 500 also dropped 0.5% while the Dow Jones Industrial Average closed little changed. "The upbeat earnings and outlook from Nvidia failed to ease market concerns," Jefferies economist Mohit Kumar says in a note. Worries about returns on capital expenditure in artificial intelligence, the potential disruption of the technology and private credit exposure to software are weighing on market sentiment, he says. Geopolitical risks related to Iran-U.S. tensions add to investor nervousness, he says. Bitcoin edges up 0.2% to $67,622, LSEG data show. (renae.dyer@wsj.com)
source:https://www.tradingview.com/news/DJN_DN20260227001892:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Iyandikishe Injiramo